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Most countries unprepared for bank failures, watchdog warns
A global financial watchdog has warned that most countries lack adequate plans for handling bank failures, leaving them exposed if a major lender collapses. The warning highlights gaps in resolution regimes and cross-border coordination nearly two years after the banking stress of 2023. Officials are urging governments to strengthen recovery frameworks and funding tools before the next crisis hits.
Why now: Renewed concerns over banking fragility keep regulators' warnings about crisis preparedness in the news.
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Evidence
- Most countries unprepared for bank failures, watchdog warns · Financial Times
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